General Partner is elderly fatherb.  12 Limited partners - all children , spouses not included - cheaper by the dozenc.

Coghill they are trying to take care of several things:1) Approval to access credit reportsA video tour of my home office (required by the credit repository to show security, so access to office & computers is limited to avoid data theft)Credit checks on me and my partner (required by the credit repository to make sure you are not criminals looking to steal others' data)Copies of the deeds for every property we own (required by the credit repository to confirm you aren't just self-serving)A copy of my partner’s home lease and utility bills (required by the credit repository to prove his legal address, so they can pursue him criminally if he steals data)Business phone bills (required by the credit repository to prove an actual business)2) Approval to use banking ACH system to accept tenant payments and pay ownersBusiness phone bills (required by banking industry to prove business legitimacy)A signed letter from the bank verifying our accounts (to prove legitimate business banking accounts.

I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

One other thing that I am constantly seeing is the set it and forget it on 3rd party platforms.

Cozy has been acquired by apartments.com, and will not let me sign up for cozy, and the functions seem limited.

Why ask: If you’re not going to be a full-time investor or professional, it’s important to ensure that the mentor works with people who have similar schedules and limitations.11.

S8 can change their limits any time though so that's some instability there.

@David F.As Russell mentioned co-ops are probably 1/2 the price of a condo and you would also have extensive costs to set up a co-op and typically it’s my understanding the builder funds the first 1-2 years of reserves.

Mine cost $50 to set up and took 20 minutes on the secretary of state website.

For longer stays, you can set expectations in your listing by clarifying that guests are responsible for restocking once the provided items are used up.